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Senate Bill 1333 |
Senate Author: Huffman et al. |
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Effective: See below |
House Sponsor: Bonnen |
Senate Bill 1333 amends the Government Code to create the Texas State Buildings Preservation Endowment Fund as a fund outside the treasury held, managed, and invested by the Texas Treasury Safekeeping Trust Company to maintain, preserve, rehabilitate, and restore the state buildings and grounds over which the State Preservation Board (SPB) has jurisdiction, to abolish the capital renewal trust fund and, on September 1, 2024, to repeal provisions creating the Governor's Mansion renewal trust fund and the State Cemetery preservation trust fund. The bill provides for the transfer of the unencumbered balances of the former trust funds to the new endowment fund on September 1, 2024, and exempts the transfers from the one‑third museum expenditure requirement in state law. The bill, among other provisions, does the following:
· sets out the fund's composition, provides for the fund's management and use, and exempts the fund from the State Funds Reform Act;
· authorizes SPB to request annually a distribution from the fund and to request an additional fund distribution;
· subjects all expenditures by SPB from the fund to audit by the state auditor; and
· requires SPB to include in its strategic operations plan a report on each project funded using money in the fund during the two‑year period preceding the date on which SPB submits the plan as well as a list of each project SPB anticipates will be funded using money in the fund for the period covered by the plan.
Except as otherwise provided, Senate Bill 1333 takes effect September 1, 2023.